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Sorting and Consensus My thanks to Bill, TPM, and all the book club contributors and readers this week. This weekend, share a copy of Bill’s book with your favorite political opponent. It’s readable, funny, and enlightening, and you will feel smarter, not…

Long Term After it became clear that Obama’s trip through the Middle East was not only error-free but wildly successful (because of Maliki’s gambit), there’s been a third wave of press chatter and fretting to the effect that Obama’s trip may now…

White House: McCain Campaign?s Attack On Congress ?Isn?t That Smart? On the McCain campaign plane today, top adviser Steve Schmidt slammed congressional leaders for adjourning for recess on Sept. 26 before attempting to legislate a fix for the recent Wall Street meltdown: It is a disgrace, a disgrace that the Democratic Congress would say, ‘We’re going to leave Washington and we think this benefits us politically. […]

On the McCain campaign plane today, top adviser Steve Schmidt slammed congressional leaders for adjourning for recess on Sept. 26 before attempting to legislate a fix for the recent Wall Street meltdown:

It is a disgrace, a disgrace that the Democratic Congress would say, ‘We’re going to leave Washington and we think this benefits us politically. … When the democratic leadership in the Congress says we’ll deal with this after the election, we’re going home now is a clear indication that they’re not interested in working, you know, in a bipartisan way, where everybody sits in a room and says we have a major problem here in this country.

The White House, however, thinks a rush to pass legislation isn’t prudent. In today’s briefing, Press Secretary Dana Perino said she didn’t know if the White House even had a legislative request for Congress to act on, and hesitated to push legislation during a “market correction”:

I don’t know if we will have specific actions that we would ask them to take. … But I think Democrats themselves, and maybe some Republicans, have questioned whether or not they will be able to get anything done in the next two weeks. And it probably isn’t that smart to try to finalize a legislation in the middle of a market correction as we’re trying to figure out what other possible necessary steps may or may not need to be taken as we move forward.

Perino said any call for a lame-duck session is “premature,” adding, “I think right now that the Treasury Department and the Federal Reserve have things in hand.” Watch it:

House Speaker Nancy Pelosi (D-CA) echoed this sentiment, saying that “lawmakers first would need a better understanding of how the problems developed,” before legislating any remedy, CQ reports. Congress “has to find out what happened, why it happened, who is responsible and how we ought to go forward in the future,” said Rep. Henry Waxman (D-CA), rejecting calls for passing legislation immediately.

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McCain and the Meltdown “The fundamentals of our economy are strong,” John McCain said as Wall Street went into white-knuckle panic over diving investor confidence. Does he believe that? It doesn’t really matter, because the Republican has outsourced his economic policy to the ideologues whose opposition to regulations brought the financial markets to their knees. McCain’s former economic adviser is ex-Texas Sen. Phil Gramm. On Dec. 15, 2000, hours before Congress was to leave for Christmas recess, Gramm had a 262-page amendment slipped into the appropriations bill. It forbade federal agencies to regulate the financial derivatives that greased the skids for passing along risky mortgage-backed securities to investors.

Obama’s Remarks in Elko, Nevada Elko, NV As Prepared for Delivery The events of this week have shown that the stakes in this election couldn’t be clearer. We are in the midst of the most serious financial crisis in generations. Three of America’s five largest investment banks have failed or been sold off in distress. Our housing market is in shambles, and Monday brought the worst losses on Wall Street since the day after September 11th. Monday brought the worst losses on Wall Street since the day after September 11th, and today we learned that the Fed had to take unprecedented action to prevent the failure of one of the largest insurance companies in the world from causing an even larger crisis.

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Where's Osama?

On Sept. 11th, 2001 George Bush said he would catch bin Laden dead or alive.
He never did, we used to run a counter showing how many days it had been, but Obama finally took care of it for him. Just another Bush lie.

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The Hollywood Liberal started in 2004 at the height of the Bush Administration madness in America.
We were inspired by the late great Bartcop.com. The very first thing I did when the site started was to get arrested at the 2004 Republican National Convention in New York. My arrest at the start of a march from The World Trade Center was later ruled unconstitutional by a federal judge. On New Years Eve 2014 the case was finally settled, with a judge awarding a class action suit that I was part of over $26 Million. I posted daily on the blog up until the end of The Bush error, and the site is now run as a history of the whole fiasco. Feel free to browse the old postings, pictures, & comics (an HL favorite) It reveals the twisted history of the times. Thanks H.L.